MANILA, Philippines (AFP) — A consortium that includes India’s GMR Group is selling its business developing and operating the Philippines’ second-largest airport for 25 billion pesos ($440.2 million), its Filipino partner announced Friday. The consortium of GMR Group and the Philippines’ Megawide Construction Corp will sell its interests to operate the Mactan-Cebu International Airport to Aboitiz InfraCapital Inc, a unit of a family-owned conglomerate. Megawide said in a disclosure to the local stock exchange […]
